https://www.taxtmi.com/caselaws?id=370206 The Tribunal partially allowed the appeal by directing the Assessing Officer to grant the deduction under Section 54F of the Income Tax Act, emphasizing the investment in a new residential property within the stipulated period. The issue of credit card expenses was remanded for further verification to establish their business relevance, highlighting the necessity of providing adequate evidence to support claims. The decision underscores adherence to legal provisions and the requirement for substantial evidence in tax matters. en-us Fri, 26 Oct 2018 00:00:00 +0530 Sat, 10 Nov 2018 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370206 The Tribunal partially allowed the appeal by directing the Assessing Officer to grant the deduction under Section 54F of the Income Tax Act, emphasizing the investment in a new residential property within the stipulated period. The issue of credit card expenses was remanded for further verification to establish their business relevance, highlighting the necessity of providing adequate evidence to support claims. The decision underscores adherence to legal provisions and the requirement for substantial evidence in tax matters. Case-Laws Income Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370206